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'Good bye 4kandles'
Really? My experience of the likes of MM is that they say they've put you on ignore but their personality does not allow them to do it or at least they soon relapse.
Some basic stuff from Psychology Today...
Narcissistic Personality Disorder involves a long-standing pattern of the sufferer needing admiration from other people. These individuals typically cannot handle critical feedback and have a grandiose sense of entitlement. People with this disorder lack a sense of empathy for those around them and are very critical towards others. They usually have a pattern of troubled relationships. People close to the narcissist usually see them as bossy, difficult, rigid, and unsympathetic.
..."Join the dots" as you wish
MM, I won't go anywhere just because you (or any other self-appointed ayatollah) says I should. This will be hard for you to accept but it's the way it is. BTW, who do you think you are?
As for me freeloading from your hard work (that's quite some grandiosity you have, made me smile) maybe you should speak with LSE about converting your posts here to subscription only so we freeloaders have to pay for our ignorance? Let us know what they say.
I find it amusing that 2 or 3 posters here seem to think they can dictate what others can and can't write.
Jiving, I respect and learn from your posts. I don't 100% agree with many posters here but a diversity of opinion is what stops groups becoming intolerant, mini-cults.
Should we have seen this coming?
I agree with your sentiment MasterRSI - there is a slow drip down of the SP on fairly stagnant volume.
I did sell 10% of my shares a couple of weeks ago but am holding the rest as I see huge potential based on what I believe to be in the ground at Pitfield.
My biggest holding by far is EEE and my 2nd biggest holding is 3x short ETFs on FTSE and S&P. There may be trouble ahead. GLA
Shaun. Sorry to be the one to burst your bubble of self-importance delusion but nobody here has to do anything just because you tell them to. Do you understand this?
Who do you actually think you are?
It seems Marcus thinks you can only be welcome here if you post only positive comments.
Anyone know who died and put Marcus in charge?
Shaun is now trying really hard to not sound like a man with anger issues. Keep it up mate, you can do it.
This forum seems to have followed the SP in its slide down the drain.
Happy now Elphick? :-)
Shaun, it sounds like you have anger issues. Losing your rag isn't going to do you any good and makes you look quite foolish to the strangers on this messageboard.
Try to take some deep breaths. A brisk walk in the countryside would probably help you calm down.
You're welcome.
I think when shareholder value gets hit by 60% after a quite unusual fund raise then shareholders are entitled to question it Shaun
I can recommend a good pumpers-only messageboard if you're intolerant of people who disagree with your point of view.
That's enough of your realism NewKOTB, didn't you hear that Greenplac's Bombardier jet is back on the apron at Brazzaville?
Ye of little faith.
NewKOTB, I'm pleased to see somebody else gets it! :-)
Although Shard postions itself in terms of offering investment, dealing and capital markets services to private, corporate and institutional clients, I've seen little in Zanaga's funding RNS preventing Shard from driving the SP down the way you describe (i.e. retail bucket shop activities).
The only protective provision I see is that Shard should maintain an 'orderly market'. So, 13p to 4.7p in 6 weeks is an orderly market? I guess it must be so. 20% down in a day on 3x normal volume meets the orderly criterion also. Methinks somebody is having a big profitable laugh at our expense.
I accept that ZIOC needs funds to pay for the Chinese infrastructure work, etc. But why would Elphick opt for such an egregious funding scheme which has collapsed shareholder value by 60% if there was not a good reason? That reason, I believe, as has been stated before, is to allow certain influential parties to take a slice of the Zanaga pie on the cheap. I'm hoping that once they're fully-invested then we will start to see a flow of news.
I hope that this is the case - otherwise we may be in more trouble than we know.
Jiving
I am putting myself in the position of those buyers who are in the priveleged position (whoever they may be) to be buying bulk from Shard at 5p today. I ask myself would they be happier buying today than if they'd been offered shares in a conventional discounted placing a few weeks ago at 10p?
Of course there's no need to answer this.
Jiving, a discounted placing at the time of the last Shard-related RNS might have been done at 10p Maybe 9p, what if it was even at 8p. Today we're under 5p and there's no sign that Shard are anywhere near out of ammo - or even if they've started. Whoever might be buying shares from Shard today will be doing so at well below the price of a conventional placing when the SP was circa 13p. They are getting a great deal (assuming that nothing terrible has happened in RoC, etc). I maintain my opinion that the mates rates thesis is the least unlikely.
I do agree with you that we are all doing a lot of guesswork. Best wishes to you.
Events of the past few months tell me that Elphick and Glencore are indeed aligned and do both want the Zanaga asset sold. I don't think Elphick is a fool. The best explanation I can give for the wrecking-ball type structure of the recent raise is that certain parties are being offered a low cost path to investment with the potential for a big pay day around the corner. It's the closest thing to a gift without being corrupt. (Folks might debate this!). This is the 'mates rates' hypothesis which has been mentioned here before and seems to be the least absurd scenario proposed so far.
Thanks for sharing this Veteran.
I assume that any rail route from Zanaga might be half the distance of Simandou's, will need fewer than 235 bridges and may not need tunnels of up to 11km length.
Makes me wonder why Zanaga does not yet have a similar development plan.
Thanks again
1 month chart looking slow but steady in the right direction
Fear not disciples, PP-FCC is back in Brazzaville
https://www.flightradar24.com/data/aircraft/pp-fcc#
(irony alert - I have seen no evidence that this Brazilian-owned long range exec jet has any connection with Zanaga or even Vale)
Yes, I was wondering who was paying for the Chinese re-costings exercise. I figure they would not do it for free without at least some sort of MOU/LOI or other contractual commitment (which ought to be RNS'd). I also figure that this sort of work isn't cheap as Zanaga to P-N is a fair trek.
Hence the raise.
If the recent drop is the result of the raise then we can say that certain favoured people are buying at heavily discounted rates. One might describe it as a sanitised version of a brown envelope.
Hopefully the above represents the ticking of 2 enabling or even transformative boxes.
GLA